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obama. writing, "after a status quo election in which both you and the republican majority in the house were re-elected, the american people rightly expect both parties to come together on a fair middle ground. adding the president's approach is neither balanced nor realistic. >> this is unaccept to believe have repeat performance of what they watched in horror in the summer of 2011. >> white house officials note that even erskine bowles is pulling back from the claim by boehner he is on board. in a few moments the president will be hosting the congressional ball, black tie holiday party. first time they will see him face to face in days. maybe they'll work on a compromise. >> bret: ed henry on the north lawn. thanks. let's talk about the fiscal cliff negotiations with one of the key democrats involved. chris van hol season a five-term representative from maryland. the ranking member of the house budget committee. thank you for being here. >> great to be with you. >> bret: where do you see t
obama. writing, "after a status quo election in which both you and the republican majority in the house were re-elected, the american people rightly expect both parties to come together on a fair middle ground. adding the president's approach is neither balanced nor realistic. >> this is unaccept to believe have repeat performance of what they watched in horror in the summer of 2011. >> white house officials note that even erskine bowles is pulling back from the claim by...
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Dec 4, 2012
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president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more..
president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's...
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boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner couldn't get backing. >> how close is this to that is this. >> it is a broad outline, but there is a lot of negotiation. even members of the congress didn't see this in advance. this was really an opening bid. it is best seen as really a response to pressure. but people saying where's our plan. you've got to put a plan out there to begin the negotiation. >> thank you. >>> deal or no deal. we're on the edge of our seats. 29 days in counting until our taxes go up and across the board spending cuts. we're getting lots of mixed messages as to what's going to happen and where things stand. >> i'm increasingly pessimistic. >> so tonight, two men who have lots of experience dealing with lawmakers. paul begala, david frum, former adviser to president george w. bush. david, let's start with you. >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it overwith. but i think we also need to take
boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner couldn't get backing. >> how close is this to that is this. >> it is a broad outline, but there is a lot of negotiation. even members of the congress didn't see this in advance. this was really an opening bid. it is best seen as really a response to pressure. but people saying where's our plan. you've got to put a plan out there to begin the negotiation. >> thank you....
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boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner coudn g backing from his conference. >> how close is this toth i didn't see this in advance. this was reallyop b. th tn goatn.3 > dl nde. s >> there has been progress. >> right now i would say we're nowhere.3 irey ssisc. paul begala, david frum, former adviser to president george w. bush. gentlemen, nice to have you both. david, let's start with you. depending on who you listen to, it's either going great or not going well at all. they're either optimistic or completely pessimistic. which is it? >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it over with. but i think we also need to take a step back and realize just how lunatic this whole process is. what the united states does not need right now is either spending cuts or tax increases. what we should be thinking about is how to get growth. instead of the mishandling of the deal in 2011, we have to pretend that we have what is
boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner coudn g backing from his conference. >> how close is this toth i didn't see this in advance. this was reallyop b. th tn goatn.3 > dl nde. s >> there has been progress. >> right now i would say we're nowhere.3 irey ssisc. paul begala, david frum, former adviser to president george w. bush. gentlemen, nice to have you both. david, let's start with you. depending on who...
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Nov 29, 2012
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this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top of the show, from politico, the fiscal framework emerging. are the contours of the deal really taking shape? you heard kristen welker saying the description of that phone conversation may not ha
this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put...
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Dec 6, 2012
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used as is leverage a year-and-a-half ago in his talks with president obama so there's a belief on the part of democrats that they would like to get this idea in common circulation and also trying to manufacture some dialogue, the debt ceiling really isn't the kind of leverage that it was a year-and-a-half ago. you saw some of that from the president yesterday when he was talking more last week when he was talking about he is not going to play that game anymore. and then it turns out the democrats had enough votes, if it were to be put to a majority vote to pass it through the senate and instead, senator mcconnell insisted that it requires 60 to get past the filibuster. >> on the republican side how would they vote on the fiscal cliff for raising the debt ceiling help the gop make their case? >> guest: i am not sure it would, in all honesty. a lot of people, politically, don't know how effective it would be. >> any indication how things are going, how things are going behind-the-scenes on negotiations on the fiscal cliff? >> there is no public indication. you talk to some senators as o
used as is leverage a year-and-a-half ago in his talks with president obama so there's a belief on the part of democrats that they would like to get this idea in common circulation and also trying to manufacture some dialogue, the debt ceiling really isn't the kind of leverage that it was a year-and-a-half ago. you saw some of that from the president yesterday when he was talking more last week when he was talking about he is not going to play that game anymore. and then it turns out the...
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. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power and he has gotten his way because not only has he stamped his feet to get his way but he's also threatened people. he's done that here by saying that the tea party 2 is going to dwarf tea party 1, that's sending out a message saying, if you support any revenue increases, if you go along with compromise, we're going to get you next time around in your primary. that's what this is all about. it's an intimidation to republicans thinking about actually trying to come to some sort of deal and move forward. >> let's listen to a prediction that lindsey graham made which i think i agree with. >> i think we're going over the cliff. it's p
. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power...
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it will eventually come to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent that i think should be taken. my last point is value -- i went to the dark side, i joined cbo, then for most of the past 10 years i have been in the international budgeting community. i want to say that particularly to the gentleman on my right. and this is a tremendous value that is not recognized in the u.s. the value is the spending caps. by spending caps, i mean not just pay-go and tax expenditures. that has served as a precedent for a number of countries that have had successful fiscal experiences since. they include sweden, switzerland, holland, chile, finland. it does not include the european union. the european union is still -- they are still suffering from it. i do not
it will eventually come to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent that i think should be taken. my last point is value -- i went to the dark side, i joined cbo, then for...
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so in that respect, doesn't this seem just a little too bold and certainly not like the obama of the last term. >> well, that's music to my ears because i think john boehner got the better of the president, frankly, speaker boehner, in the last negotiations that they had in 2011, and it suggests that the president, he does, he has the wind at his back. the piece that's sticking right now should be the easiest, which is locking in 98% of the bush tax cuts. this was something mary worked hard on, people like me opposed them, democrats hated those bush tax cuts. now the president is willing to enshrine 98% of those tax cuts and the republicans can't take yes for an answer because they are not really fighting for lower taxes. they're fighting for the upper 2% of income earners and that's a losing proposition. 70% of americans think those of us who are blessed and are upper income americans ought to pay a little bit more. >> so mary, why doesn't that make sense? shouldn't the winner come in as paul said with the wind at his back. he does have a mandate. >> he does not have a mandate. peop
so in that respect, doesn't this seem just a little too bold and certainly not like the obama of the last term. >> well, that's music to my ears because i think john boehner got the better of the president, frankly, speaker boehner, in the last negotiations that they had in 2011, and it suggests that the president, he does, he has the wind at his back. the piece that's sticking right now should be the easiest, which is locking in 98% of the bush tax cuts. this was something mary worked...
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this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but i think most people, to this point, don't think that the federal government has done a good job of spending their money. and that is a crucial question people have got to ask. no one in washington or around the country should be surprised at where we are today. it is time -- look, there's no new proposal that's going to be put on the table between now and christmas or now and the end of the year. all of the proposals are out there. we know where everybody is on the issue. now is the time for the president and speaker boehner to lead. that is what we need in this country
this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but...
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speaking of congress, president obama asked that wasserman shultz to stay on as the chairwoman of the democratic national committee. next, what is happening in the senate. facing gop opposition. a u.n. treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.. host: go ahead. caller: greta, i have never seen a group of people who are so willing to be lied to. republicans like to their people all through the election. the only people who were surprised that the president won are people who watch fox news. just like that, a proposal that john boehner puts out. he's trying to say that it is from the bowles proposal but erskine bowles came out yesterday and said flat out that the proposal the republicans put out does not mimic his. therefore, the republicans are lying again. republicans and the tea party people, they know that they are lying. it is just tha
speaking of congress, president obama asked that wasserman shultz to stay on as the chairwoman of the democratic national committee. next, what is happening in the senate. facing gop opposition. a u.n. treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.....
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and obama is, on the specific issue of revenue and overhauling the tax code? >> thank you. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from what was said. bowles-simpson said broaden the base, lower the rates. we now have the president's proposing raising the rates and opposing a base-broadening measure. republicans want to keep the rate same and broaden the base, but that is different. bowles-simpson had it right. i look at the logic of the white house with regard to the idea of capping itemized deductions. i would like to take a look at it from a cost-benefit point of view. we're looking at tax expenditures, and we should weigh the cost of benefits in doing it. they're against it for two reasons. the first one would affect some taxpayers making less than $250,000, which is true. this would be a $50,000 cap, so the people we're talking about are people who are
and obama is, on the specific issue of revenue and overhauling the tax code? >> thank you. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from what was said. bowles-simpson said broaden the base, lower the rates. we now have the president's proposing raising the rates and opposing a...
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speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that propos
speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider...
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but, ultimately, this is going to require an agreement between president obama, speaker boehner, senator mcconnell, senator harry reid and leader pelosi and in some sense it is going to be the two main players are president obama and speaker boehner. my concern has been this looks like campaign time and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i know you are
but, ultimately, this is going to require an agreement between president obama, speaker boehner, senator mcconnell, senator harry reid and leader pelosi and in some sense it is going to be the two main players are president obama and speaker boehner. my concern has been this looks like campaign time and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face...
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i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that they can't -- you know, the one reason why there's not meetings here? that's bad for boehner. boehner can't be seen here on, quote, enemy territory cutting the deal. right? it has -- i mean, look. the semantics matter. you hate to admit that it does, but it does. and the settings matter. that's why you're not seeing a lot of meetings here. >> it does and there are a lot of republicans -- remember newt gingrich going over to the white house through the budget negotiations in the 1990s, and newt gingrich's own words getting his pockets picked by bill clinton. outnegotiated time and time again. so these things do ma
i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that...
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john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan policy center, this is under two hours. >> ok. welcome. i am the director of public administration program. i want to welcome you to the session, which we are calling looking back to move a forward. this is co-sponsored by george mason university and the bipartisan policy center. it is our pleasure to put this on and to recognize with all the frenzy about the fiscal cliff that we have a history. some of the history is successful in resolving deep seated hard choices. that is will we will look back and talk about today and see whether we can learn any lessons from the experie
john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan...
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and speaker boehner tried to work out last year. and also -- while certainly both sides are saying that specifics are lacking, there is certainly, i think, a feeling from some democrats that maybe it could have been worse. maybe they were expecting something that in their estimation might have been even more towards what republicans would want. >> brianna keilar, thank you. i guess we're supposed to be encouraged that everybody wasn't just giggling over the proposals. rks said they laughed at the white house proposal. >>> let's get to senator johnson, member of the budget committee and the appropriations committee. we appreciate your time this morning. >> morning, soledad. >> you heard brianna's report a moment ago. she said the white house rejected it because they're like, listen, it has to have tax increase on the top 2% or it's a complete no go. would you be willing, in fact, to raise taxes on the top 2% wealthiest americans? >> to meet the case for growth and how it's ten times more effective than just increasing tax rates. few
and speaker boehner tried to work out last year. and also -- while certainly both sides are saying that specifics are lacking, there is certainly, i think, a feeling from some democrats that maybe it could have been worse. maybe they were expecting something that in their estimation might have been even more towards what republicans would want. >> brianna keilar, thank you. i guess we're supposed to be encouraged that everybody wasn't just giggling over the proposals. rks said they...
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we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a re
we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint...
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deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle whark we don't see in the counteroffer is extension of payroll tax cut, extensi
deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the...
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yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven revenues down well below historical norms and far below the expenditure levels of about 22% of gdp. never mind that speaker boehner called the debt ceiling his leverage and speaker boehner voted five times to during the bush presidency, to raise the ceiling to the tune of nearly 4 trillion-dollar. this time he wants the default by the government that he has a moral obligation to support the raising the debt ceiling now. so here is the offer the president should make. i tolerated an unacceptable and improper effort by your house to extract concessions on an issue that should be a simple procedural vote. i will n
yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven revenues down...
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. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by republicans. the white house does not believe that any more. probably the key lesson they took from the last couple of years is this. do not negotiate with yourself. if republicans want it cut medicare, let them propose the cuts. if they want it raise revenue through tax reform as opposed to marginal rates, let them tell you with what they want it eliminate. if they want deeper cuts to discretionary spending, let them give you a number. above all, if they don't like your policies, let them propose their own. that way if the white house does give in to hire demands, the republicans would feel lik
. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by...
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yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff
yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there...
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president obama is making it clear to john boehner who aappears to be anyway public denial to try to stall time to prevent that from happening. >> is that the goal whether he comes out and has press conferences like that, is he posturing? what is he doing, if the end has already been decided. >> i don't know if it's been decided, but there's inevitablity here. the way it works is this is not an even fight where the republicans and democrats start in a certain way. if nothing happens, taxes go up at the new year, and that's a problem for republicans. it's a better hand for democrats. the alternatives is taxes go up for everyone or the top 2%. that's an inevitable reality. i think john boehner has a lot of completing political interest here. he has to worry about a very difficult caucus. we have people on the very right who aren't ready to raise taxes on the rich. there's a moment of reckoning sooner or later. >> the other part is entitlement reform. we've heard some details about what they might be considering, you know, means testing, changing the means testing, raising the age of el
president obama is making it clear to john boehner who aappears to be anyway public denial to try to stall time to prevent that from happening. >> is that the goal whether he comes out and has press conferences like that, is he posturing? what is he doing, if the end has already been decided. >> i don't know if it's been decided, but there's inevitablity here. the way it works is this is not an even fight where the republicans and democrats start in a certain way. if nothing...
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>> let's not forget that neither president obama more speaker boehner have all that much running room. there are conservative republicans who are not going to vote for whatever deal is reached. there are liberal democrats in the house who are not iffing to vote for whatever deal is reached. the question is there a path in vote for whatever deal is reached. the question is there a pating vote for whatever deal is reached. the question is there a patng t vote for whatever deal is reached. the question is there a patging vote for whatever deal is reached. the question is there a patoing vote for whatever deal is reached. the question is there a path that -- where their interests intersect closely snuff? >> i want to get to 2016. it's been ages since we talked about the presidential election because what caught my fancy was that congressman ryan and senator rubio are both going to be at the center, as you guess, i believe rubio or ryan, one of them, is receiving the award. 2016 came to mind. if you are looking at either -- whichever one catches your fancy, the democratic landscape or the
>> let's not forget that neither president obama more speaker boehner have all that much running room. there are conservative republicans who are not going to vote for whatever deal is reached. there are liberal democrats in the house who are not iffing to vote for whatever deal is reached. the question is there a path in vote for whatever deal is reached. the question is there a pating vote for whatever deal is reached. the question is there a patng t vote for whatever deal is reached....
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speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the plans that the white house has talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk to the president and to work with him, to make sure that the american people aren't disadvantaged by what's happening here in washington. >> good morning. you know, i think at this point pretty much most folks in the country and certainly in this town know where both sides are on taxes. i think we understand that. but to the speaker's point, we have not had any discussion and any specifics with this president about the real problem -- stuart: speaker boehner is
speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the...
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boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on the republicans. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag my 2 k,
boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done...
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president obama and speaker boehner. thank you. nobody else will be in the room. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his mess dwrooj the public, visiting a local virginia family as a part of his social media campaign. while sitting around the kitchen table, he told the family he felt optimistic. >> the message that i think we all want to send to members of congress is this is a solvable problem. the senate has already passed a bill that would make sure the middle class taxes do not go up next year by a single dime. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy
president obama and speaker boehner. thank you. nobody else will be in the room. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his mess dwrooj the public, visiting a local virginia family as a part of his...
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and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything that the president wanted in his budget and beyond what he even campaigned for. as a result i think most republicans wonder how serious he is about doing t
and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the...
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senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining obama's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they're really willing to make. >> boehner then raised the stakes by throwing the debt ceiling into the mix, suggesting that any plans to raise the nation's borrowing limit would have to be matched by spending cuts in the fiscal cliff deal. >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or e
senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining obama's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs...
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they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for
they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced...
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president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones
president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç...
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where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i would like to send her away. england sent us victoria beckham. s
where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the...
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you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s called. they weren't there. >> bill: yeah, my great aunt madeline used to say, "flabbergasted" she was 90 then. >> i was waiting for him to say we got beat, it was a slobberknocker. >> maybe they say that in the bar. the other thing is t flabbergasted? he has known about this plan. you can check it out. this is nothing to be flabbergasted about. this was out there long since the election and ever since. >> a non--serious proposal. the president was asking for $1.6 trillion worth of new revenue over 10 years, twice as much aziz been asking for in public. stimu
you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word?...
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. >>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad ti tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from eithe
. >>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions...
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Dec 6, 2012
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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to stop president obama's agenda, is that what america wants? i don't think so. let's bring in john nichols, washington correspondent. good to have you with us tonight. there seems to be more and more conversation about this. let me play devil's advocate. why do this? why not let the republicans continue to filibuster and let them politically hang themselves in the midterms? why do the democrats want to do this? >> well if the theory was that you could let them hang themselves, then they would have already hung themselves many times over. the filibuster is not front-page news. it's a procedure within the senate. the republicans have abused it now ever since democrats took control of the senate. the concern here is not to get rid of the filibuster. that's the important thing to understand. what harry reid and some of the younger senators are proposing is to restore the filibuster. it's a very simple proposal. they it want to bring back the filibuster as it existed in mr. smith goes to washington. they want it it to be like jimmy stewart where they had to go to the
to stop president obama's agenda, is that what america wants? i don't think so. let's bring in john nichols, washington correspondent. good to have you with us tonight. there seems to be more and more conversation about this. let me play devil's advocate. why do this? why not let the republicans continue to filibuster and let them politically hang themselves in the midterms? why do the democrats want to do this? >> well if the theory was that you could let them hang themselves, then they...
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president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that
president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the...
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. >> one of the big problems it seems to me is the relationship between john boehner and barack obama. just seems deeply flawed. they're at a party and they couldn't be bothered to shake hands. this is not the kind of way that adults, politicians, behave, is it, in a civilized society. they should be able to shake hands, be friendly, then get behind closed doors, shout at each other and get a deal done. but these two, they don't seem to have any time for each other at all. that can't help the process. >> well, piers, i wouldn't read too much into the christmas party at the white house. as i think you know, there are long lines to get your pictures taken with the president. speaker boehner has had his picture with the president many times. the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the presi
. >> one of the big problems it seems to me is the relationship between john boehner and barack obama. just seems deeply flawed. they're at a party and they couldn't be bothered to shake hands. this is not the kind of way that adults, politicians, behave, is it, in a civilized society. they should be able to shake hands, be friendly, then get behind closed doors, shout at each other and get a deal done. but these two, they don't seem to have any time for each other at all. that can't help...